Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 8, 2024
Company name:

ALPHA SYSTEMS INC.

Stock exchange listing: Tokyo
Stock code:
4719
Representative:
Inquiries:

URL

https://www.alpha.co.jp/President
Senior Managing Director

Kiyoshi Saito
Kazuhiro KubotaScheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 13, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

044-733-4111(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Nine months ended December 31, 2023
Nine months ended December 31, 2022

Millions of yen
26,83926,352

Operating profit% Millions of yen
1.8
3,381
6.7
3,114

Earnings per share

Ordinary profit% Millions of yen
8.6
3,435
6.4
3,162

% Millions of yen
8.6
2,335
6.5
2,158

%
8.2
6.6

Diluted earnings per share

Yen
166.34
153.77

Nine months ended December 31, 2023
Nine months ended December 31, 2022

ProfitYen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
49,361
48,166

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
41,13839,775

%
83.3
82.6

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
35.00
35.00

Yen––

Yen
35.00

Yen
70.00

65.00

100.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changesNet sales

Full year

Millions of yen
36,000Operating profit% Millions of yen
1.3
4,300

Ordinary profit% Millions of yen
2.0
4,360

1Profit% Millions of yen
1.9
2,940

Earnings per share
%
0.7

Yen
209.42

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

14,052,400 shares As of March 31, 2023

14,052,400 shares

Number of treasury shares at the end of the period
As of December 31, 2023

13,458 shares As of March 31, 2023

13,235 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

14,039,068 shares Nine months ended December 31, 2022

2

14,039,284 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCurrent assets
Cash and deposits

23,042,284

25,161,440

8,529,639
999,953

7,483,751
1,499,928

Work in process
Other

3,812
257,259

6,405
262,418

Total current assets

32,832,948

34,413,944

4,063,210
5,173,538

3,982,332
5,173,538

105,022

116,489

9,341,770

9,272,360

21,89722,158

1,589,754

1,606,903

4,381,437(1,000)4,051,318(5,239)Accounts receivable and contract assets
Securities

Non-current assets
Property, plant and equipment
Buildings, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets

5,970,191

5,652,981

15,333,860

14,947,500

48,166,808

49,361,445

Current liabilities
Accounts payable - trade

1,293,083

1,291,962

Income taxes payableProvision for bonuses

797,188
1,261,292

177,658
726,843

Provision for bonuses for directors (and other officers)
Other–
3,614,549

111,000
4,594,161

Total current liabilities

6,966,113

6,901,625

1,186,313

1,092,901

239,147

228,010

1,425,460

1,320,911

8,391,574

8,222,537

Share capital
Capital surplus

8,500,550
8,647,050

8,500,550
8,647,050

Retained earnings
Treasury shares

22,615,809(39,334)

23,968,290(40,042)

Total shareholders' equity

39,724,074

41,075,848

51,15963,06051,15963,06039,775,233

41,138,908

48,166,808

49,361,445

Total non-current assets
Total assets
Liabilities

Non-current liabilities
Provision for retirement benefits
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

3Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Net sales

26,352,346

26,839,682

Cost of sales

20,007,530

20,365,974

Gross profit

6,344,816

6,473,707

Selling, general and administrative expenses

3,230,070

3,092,629

Operating profit

3,114,746

3,381,078

Non-operating income
Interest income

20,55325,306

Dividend income
Rental income

1,150
27,2401,250
27,240Other

11,407

11,435

Total non-operating income

60,351

65,232

Rental costs
Other

12,5810

10,762–

Total non-operating expenses

12,581

10,762

3,162,516

3,435,549

Gain on sale of non-current assets976

630

Total extraordinary income

976

630

–

6,052

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets

–

6,052

3,163,492

3,430,126

Income taxes - current

787,839751,891

Income taxes - deferred

216,832

343,018

Total income taxes

1,004,671

1,094,910

Profit2,158,820

2,335,216

Total extraordinary losses
Profit before income taxes

4